Asphalt Market Industry Trend, Analysis and Revenue Statistics 2023-2028

1. Global Asphalt Market Research and Forecast Report 2023-2028 Author: Elena Anderson Marketing Manager IMARC Group © 2022 IMARC All Rights Reserved Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Global Asphalt Market Research Report 2023-2028: According to the latest report by IMARC Group, titled "Asphalt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global asphalt market reached a value of US$ 234.4 Million in 2022. Asphalt is a sticky, black and semi-solid binding material that is obtained from natural deposits or refining the residue from the crude oil distillation process. Also known as bitumen, it is a highly viscous liquid or semi-solid form of petroleum that comprises hydrogen and carbon with minor proportions of sulfur, nitrogen, and oxygen. It is extremely durable in nature with excellent resistance to crack and temperature variations. It is majorly used as a glue or binder with aggregate particles for creating asphalt concrete, which is widely used in the construction of roads, waterproofing and sealing flat roofs. Request for a PDF sample of this report: https://www.imarcgroup.com/asphalt-market/requestsample

4. Report Description and Highlights Report Description Global Asphalt Market Trends: The global market is primarily driven by considerable growth in the construction sector. With rapid urbanization and increasing population, there has been an escalating need for the construction of residential spaces as well as infrastructural development. Asphalt is commonly used for the construction of highways and pavements that provides vehicles with better grip and improved safety. It is also utilized as a preferred roofing material due to its affordable nature and exceptional waterproofing property, thereby providing an impetus to the market growth. The market is further driven by the favorable initiatives undertaken by the government of various countries to promote the usage of recycled asphalt pavement (RAP) across the residential and commercial segments. RAP involves the emulsion being blended with old pavements to be utilized for repairing damaged roads and the reconstruction of worn highway surfaces. Some of the other factors contributing to the market growth include the growing preference for sustainable construction and the rising popularity of polymerized asphalt cement for building activities. On account of the aforementioned factors, the market is expected to reach a value of US$ 328.8 Million by 2028, expanding at a CAGR of 5.2% during 2023-2028. View Report TOC, Figures and Tables: https://www.imarcgroup.com/asphalt-market

5. Report Description and Highlights Report Description • Key Market Segmentation • The research report includes the following segments: • Breakup by Product: • Asphalt Paving Mixtures and Blocks • Prepared Asphalt and Tar Roofing and Siding Products • Roofing Asphalts and Pitches, Coatings and Cement • Breakup by Asphalt Type: • Hot Mix Asphalt • Warm Mix Asphalt • Cold Mix Asphalt • Breakup by Application: • Roadways • Waterproofing • Recreation • Others

6. Report Description and Highlights Report Description • Breakup by End-Use Sector: • Non-Residential • Residential • Others • Breakup by Region: • North America • Asia Pacific • Europe • Latin America • Middle East and Africa

7. Report Description and Highlights Report Description • Competitive Landscape with Key Players: • Aggregate Industries Ltd. • Anglo American Plc • Atlas Roofing Corporation • BP Plc • Cemex • Chevron Corporation • Exxon Mobil Corporation • Imperial Oil Limited • Owens Corning • Petroleos de Venezuela S.A • Royal Dutch Shell plc • Shell International • Total SA • United Refining Inc.

8. Key Questions Answered in the Report Report Description 1. What was the size of the global asphalt market in 2022? 2. What is the expected growth rate of the global asphalt market during 2023-2028? 3. What has been the impact of COVID-19 on the global asphalt market? 4. What are the key factors driving the global asphalt market? 5. What is the breakup of the global asphalt market based on the product? 6. What is the breakup of the global asphalt market based on the asphalt type? 7. What is the breakup of the global asphalt market based on the application? 8. What are the key regions in the global asphalt market? 9. Who are the key players/companies in the global asphalt market?

9. Table of Contents Report Description 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Asphalt Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast

10. Table of Contents Report Description 6 Market Breakup by Product 6.1 Asphalt Paving Mixtures and Blocks 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Prepared Asphalt and Tar Roofing and Siding Products 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Roofing Asphalts and Pitches, Coatings and Cement 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by Asphalt Type 7.1 Hot Mix Asphalt 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Warm Mix Asphalt 7.2.1 Market Trends 7.2.2 Market Forecast Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/asphalt-market/toc

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12. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

13. Report Description and Highlights Report Description © 2022 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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